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UK stocks recover ALL loses from Brexit in less than a week

News by Allie Longford on 12:43 EST June 29, 2016
The FTSE 100, the index for the largest companies trading in the London Stock Exchange recovered on Wednesday all loses made after referendum night last Thursday the British people voted to leave the European Union. It has taken less than one week for stocks to recover. Though it is not all good, banking related shares are still hovering the lows made on Friday and the pound remains equally ...

Apple Technical Analysis

Tech analysis by Simon Kazinsky on 20:38 EST June 28, 2016
We have been saying for a while now this Apple is subject to Newtonian forces that bring it down. Precisely, I flipped to a bearish view when shares started to trade below $120. The Cupertino company market cap is temporarily sustained by the last and strongest line of support, a Moving Average that has shaped price action for years and provided support in several occasions. In addition, the $90 level is now also part of a line ...

EURUSD technical analysis - bullish view prevail

Tech analysis by Simon Kazinsky on 20:11 EST June 28, 2016
The European Union is breaking up. For first time ever in its history a member will leave, voluntarily the union. This would intuitively prompt anyone to think the euro should collapse on the unexpected news last week. However, from a technical perspective, we have been insisting in the last few EURUSD technical analysis that the pair appears to be in a new bull cycle. ...

[VIDEO] The man responsible of the coming crisis warns of the coming crisis

News by Allie Longford on 11:29 EST June 28, 2016
No other than Alan Greenspan, the precursor of Helicopter Bernanke, the FED chair under the Clinton (Bill) administration, a period in which he steered the central bank's policy in the -still current- direction of artificially cheap credit to stimulate Americans, and drag the rest of the world, to rack up impossible to repay debt on home mortgages because, simply, every American deserved to own the property he lived in -whether he could actually pay for it or not- warns now the party is over. "This is the worst period, I recall since I've been in public service. There'...

Surprise! The pound is the srongest currency today

News by Allie Longford on 16:55 EST June 28, 2016
After falling off a cliff last week the pound recovers some ground. The come back could merely be a dead cat bounce but it is worth noticing the strength of the, still united, kingdom. The pound is particularly strong versus the japanese yen as the day favours risk and investors come out from safe havens like the Asian currency into stocks and other assets trying to get them on the cheap. The dollar as ...

Watch Nigel Farage have his day at the European Parliament

News by Newsroom on 08:11 EST June 28, 2016
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Stocks collapse at the open

News by Newsroom on 03:13 EST June 24, 2016
DAX -9.5%, Stoxx 600 -7.6%, FTSE -8.3% IBEX -16% Banks: Barclays: -35%, RBS: -34%...

European futures anticipate a 10% collapse at the open

News by Newsroom on 02:42 EST June 24, 2016
European futures anticipate a Black Friday. Euro Stoxx 50 anticipates a drop for the main european indices of around 12%. Ahead of the session the blue chips are dropping by 15%. ...


THE UK IS OUT OF THE EUROPEAN UNION

News by Newsroom on 00:15 EST June 24, 2016
After an unforgettable night the UK will be on its way out of the European Union as of 8am British time when the results of the EU referendum become official. Bookies were discounting the opposite outcome by a margin of 1 to 9 on Thursday but, soon after the polling stations closed, it started to look as if something wasn't quite right for the remain camp. The first county to vote NO to the European Union was Sunderland ...

Sky news projects the UK IS OUT OF THE EUROPEAN UNION

News by Newsroom on 23:45 EST June 23, 2016
The biggest UK news broadcasting network SKY NEWS projects that the UK will leave the European Union as they project the final results based on the more than 20million already counted....

#BREXIT SUMMARY: Britain with one foot and a half out of the EU

News by Newsroom on 23:19 EST June 23, 2016
Just four hours away from the final result OUT still ahead. Around 20 million votes already counted and the result is 51.2% to leave versus 48.8% to stay. The pound has fallen in just a few hours in a manner it has never ever done, not even when George Soros broke the bank of England in 1985 forcing the UK to come out of the EMU. That was a dramatic even that appears now like a picnic comparing ...

Talks of Cameron resigning tomorrow

News by Newsroom on 22:47 EST June 23, 2016
Chatter of David Cameron resigning tomorrow if the OUT vote wins. It is still ahead by 51.4 to 48.6%. Pound in complete meltdown and markets following suit....

Pound started the night buying 1.5 dollars, now less than 1.40

News by Newsroom on 22:30 EST June 23, 2016
This is the chart for the Britihs pound versus the dollar as the IN and OUT camps are neck in neck halfway through the count in the UK referendum....

OH DEAR! S&P 500 tests support and FAILS.... DOWNTREND resumes

News by Newsroom on 22:11 EST June 23, 2016
Futures continue to dip as the results show a SUPER tie (50%-50%) for the IN and OUT camps. The ascending trendline previously support then resistance has been tested and after some hesitation the index continues its way down....

Stocks testing previous supports now resistances after Glasgow gives confidence

News by Newsroom on 21:37 EST June 23, 2016
Stock futures are bouncing back after Glasgow tipped the balance towards the "Bremain". The largest city in Scotland gave a resounding NO to leave the European Union which has provided some interim confidence to the market. The British pound is wild at present with 500 pips swings each way presently trading around 1.45....

Glasgow reverses the trend, IN now very marginally ahead

News by Newsroom on 21:27 EST June 23, 2016
Glasgow is the largest city in Scotland and the fourth largest in the UK. The vote was to remain by a big margin, 3 to 1, and this reversed the present result with the remain camp taking now the lead....

Gold spiking as #BREXIT becomes a RISK OFF EVENT

News by Newsroom on 21:13 EST June 23, 2016
Gold gains more than $20 an ounce in a single session as #BREXIT spooks the markets....

#BREXIT WINNING SO FAR: 52.2 TO 47.8%

News by Newsroom on 20:48 EST June 23, 2016
The results keep rolling an the BREXIT camp keeps getting momentum: 604,575 VS. 660,445 at the moment of writting (01.51 UK time). County after county it appears the "Bremain" confidence was unjustified as bookies were 88% favouring the UK stays in the European Union....

Are you trading? How are you positioned?

News by Newsroom on 20:28 EST June 23, 2016
Results of the UK referendum are being released. Tell us whether you are a pound bull or shorting it.
bike trails
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Swindon and Sunderland vote ot leave, OUT marginally winning at this hour

News by Newsroom on 20:02 EST June 23, 2016
Swindon, in the south west of England has also voted to LEAVE the European Union by quite a margin. This is the second county tonight that votes against remaining in the EU as Sunderland voted for Brexit too. One of the largest cities, the city of Newcastle in the North East voted to stay and so did the tax haven of Gibraltar voting by more than 80% of the turnout for "Bremain" as ...

Standard and Poors 500 breaks support after first BREXIT surprise

News by Newsroom on 19:28 EST June 23, 2016
The Standard and Poors futures indice gives back all recent gains made just before the first results were made public. Sunderland county voted to leave by 80,000 to 50,000. ...

This is what the fall of the pound looks like on the chart

News by Newsroom on 19:22 EST June 23, 2016
Sunderland county voted 80,000 to 50,000 to leave the EU and this chart shows the market reaction. ...

Standard and Poors futures inches away from all time highs

News by Newsroom on 18:38 EST June 23, 2016
The all time high set in 2015 at 2,137 is under threat this evening as the SPX indice trades at the moment of writing at 2,125. The index has tried unsuccessfully several times to conquer that figure for the past months....

Euro ramping up as Sky News poll suggests victory for remain 52 to 48

News by Newsroom on 17:17 EST June 23, 2016
Polls are closed and Sky News poll suggest the remain camp wins the referendum by a close margin. Euro is bursting through 1.14 and the pound is close to the most recent highs....

20 minutes for polling stations to close, here is what's happening

News by Newsroom on 16:41 EST June 23, 2016
At 22.00 British time polling stations across the UK will close. The final results will be revealed on Friday at 8am, again local time in Manchester. A YouGov poll is expected shortly after 10pm which, hopefully, will shed some light on the choice the UK voters have made today. At present stocks are ticking up and both the pound and euro are also gaining some momentum. Risk off correlated assets like gold are marching down. Price action suggests investors are betting on a "Bremain" triumph. ...

Worst case scenario for the pound

News by Allie Longford on 12:53 EST June 23, 2016
The pound could see a sharp decline on its value if the outcome of today's referendum in Britain is that of instability ahead whether the reason is an outright vote to leave the European Union or a close call to stay in. Even in the unlikely event of an outstanding majority of the "remain" vote volatility can pick up in the medium term in the islands as a result of growing tensions, economic developments etc. Bloomberg ...

GBPAUD sending the first sell signal for the British pound

Tech analysis by Simon Kazinsky on 12:20 EST June 23, 2016
Whether it is because of the UK leaving the European Union or the confirmation that it will "Bremain" the British pound could see its value shrinking against its main counterparts soon. In the case of the first scenario the reasoning is simple enough but in the case the outcome of the referendum is the status quo the pound could give back some or all of its recent gains for two reasons. The first ...

The Euro the main beneficiary so far

News by Simon Kazinsky on 08:39 EST June 23, 2016
The euro is soaring on the notion that the UK referendum outcome will be to remain in the EU according to the latest polls. The British pound is closely following while stocks are marginally higher after spiking during the Asian session on Thursday morning. EURUSD has broken above 1.14 blowing resistances and opening the way for further upside in the coming days/months while GBPUSD is trading at 1.48 though its longer ...

How strong is the US economy, Yellen talks about negative rates and economic shocks

News by Allie Longford on 11:10 EST June 21, 2016
To really know what the economic environment really is one has only to listen to what the hot topics are at present. For instance, before 2008 the talk was the danger of the economy heating up, the rapidly growing emerging countries, the fast pace of home prices.... It was a period of robust economic growth. Fast forward to today when Yellen is testifying on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC and here are the headlines that the FED chair leaves: Yellen highlights: - If there were an economic shock to the US ...

Strongest and weakest currencies this week

News by Allie Longford on 19:41 EST June 20, 2016
The British pound is the indisputable champion at the start of the week as new polls suggest the outcome of the referendum this Thursday in Britain will be for the islands to remain as part of the European Union. In fact, Monday's rally is the largest one day gain for sterling in eight years. Aside from the pound's exhuberance -which may not last for long- commodity currencies have had good days recently and the ...


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